Schedule K-2 & K-3 Overview

1 Credits: Taxes


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Schedule K-2 & K-3 Overview

Course Level
CPE Credits

1 Credits: Taxes

Course Description

This course features a focused exploration of the new K-2 & K-3 filing requirements, a critical area of concern for partnerships and S corporations. Participants benefit from a detailed analysis of recent IRS guidance and transitional relief, gaining the ability to discern the intricacies of these filing requirements. The course clarifies who is required to file, and what parts of K-2 & K-3 are mandatory, reducing the complexity of compliance for tax year 2021 and beyond. By demystifying these requirements, the course empowers tax professionals to provide accurate, informed advice to their clients, ensuring compliance and minimizing the risk of errors.

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Learning Objectives

Upon completing this course, participants will be able to:

  • Analysis & updates of recent IRS guidance & transitional relief.
  • Describe who does not need to file K-2 & K-3 for tax year 2021.
  • Define who does need to file K-2 & K-3 for tax year 2021.
  • Explain who will need to file K-2 & K-3 for tax year 2022.
  • Analysis of what parts of K-2 & K-3 will need to be filed.
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Course Specifics

Course ID
Revision Date
September 7, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02067-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1802
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

A.J. Reynolds, EA

A.J. Reynolds, EA has over thirty years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representation. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Additionally, A.J volunteers his time with the Iowa Legal Aid’s Managing Attorney assisting in Tax Court cases and assorted income tax issues. A.J. brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals. A.J. started his …

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